PIMCO Commercial Mortgage Securities Stock Forecast
PIMCO Commercial Mortgage Securities stock price up 0.339% on Friday
(Updated on May 03, 2024)
The PIMCO Commercial Mortgage Securities stock price gained 0.339% on the last trading day (Friday, 3rd May 2024), rising from $8.84 to $8.87. During the last trading day the stock fluctuated 0.679% from a day low at $8.84 to a day high of $8.90. The price has risen in 7 of the last 10 days and is up by 5.97% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 21 thousand shares were bought and sold for approximately $185.19 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.87% during the next 3 months and, with a 90% probability hold a price between $8.75 and $9.46 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PCM Signals & Forecast
The PIMCO Commercial Mortgage Securities stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.69 and $8.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 7.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for PIMCO Commercial Mortgage Securities stock
PIMCO Commercial Mortgage Securities finds support from accumulated volume at $8.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0600 between high and low, or 0.679%. For the last week the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: $8.52 (-3.94%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (PCM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect PIMCO Commercial Mortgage Securities Trust Inc to open at $8.87, and during the day (based on 14 day Average True Range), to move between $8.70 and $9.04, which gives a possible trading interval of +/-$0.168 (+/-1.89%) up or down from last closing price. If PIMCO Commercial Mortgage Securities Trust Inc takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.84 (0.34%) than the resistance at $8.90 (0.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PIMCO Commercial Mortgage Securities Trust Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PIMCO Commercial Mortgage Securities stock to perform well in the short-term.
Current score: 2.948 Buy Candidate Unchanged
Predicted Opening Price for PIMCO Commercial Mortgage Securities Trust Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$8.87 ( 0%) | $8.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PCM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.93 | 0.676 % | |
R2 | 8.91 | 0.418 % | ||
R1 | 8.89 | 0.258 % | ||
Current price: | 8.87 | |||
Support | S1 | 8.85 | -0.258 % | |
S2 | 8.83 | -0.418 % | ||
S3 | 8.81 | -0.676 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 8.90 | 0.338 % | ||
Current price | 8.87 | |||
Support | S1 | 8.84 | -0.338% | |
S2 | 8.50 | -4.17% | ||
S3 | 8.26 | -6.88% |
PCM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.0800 | 0.91% |
2 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.0800 | 0.94% |
3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.0800 | 0.97% |
4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0800 | 0.99% |
5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.0800 | 1.02% |
FAQ
Click here for our free guide on how to buy PIMCO Commercial Mortgage Securities Trust Inc Stock.